How to: Enable Application of Ledger Entries in Different Currencies

If you purchase from a vendor in one currency and submit payment in another currency, you can apply the payment to the purchase.

Likewise, if you sell to a customer in one currency and receive payment in another currency, you can apply the payment to the sales invoice.

The following procedure describes how to set this up for vendor ledger entries in the Purchases & Payables Setup window. The setup is similar for customer ledger entries in the Sales & Receivables Setup window.

Note

This functionality requires that your experience is set to Suite. For more information, see Customizing Your Dynamics 365 Experience.

To enable application of vendor ledger entries in different currencies

  1. Choose the Search for Page or Report icon, enter Purchases & Payables Setup, and then choose the related link.
  2. In the Appln. between Currencies field, select one of the following options.
Option Description
None Application between currencies is not allowed.
EMU Application between EMU currencies is allowed.
All Application between all currencies is allowed.

To set up G/L accounts for currency application rounding differences

If you apply entries in different currencies, you must set up the general ledger accounts to which you want to post rounding differences.

Note

You must set up the general ledger accounts before you complete the task. For more information, see Understanding the General Ledger and the Chart of Accounts.

  1. Choose the Search for Page or Report icon, enter Customer Posting Groups, and then choose the related link.
  2. In the Debit Curr. Appln. Rndg. Acc. and Credit Curr. Appln. Rndg. Acc. fields, enter the relevant general ledger accounts to post rounding differences.
  3. Choose the Search for Page or Report icon, enter Vendor Posting Groups, and then choose the related link.
  4. In the Debit Curr. Appln. Rndg. Acc. and Credit Curr. Appln. Rndg. Acc. fields, enter the relevant general ledger accounts to post rounding differences.

See Also

Managing Payables
Managing Receivables
Working with Dynamics 365